Roger J. Grabowski Roger J. Grabowski, FASA, has had a career of more than 50 years in valuation and headed the editorial team for this third edition.Mr. Grabowski has testified in court as an expert witness on various valuation matters. For example,his testimony in the U.S. District Court was referenced in the U.S. Supreme Court’s landmark Newark Morning Ledger opinion (allowing amortization of customer-based intangible assets). His use of the discounted cash flow (DCF) method and the modified capital asset pricing model (MCAPM) for estimating the cost of capital for operating businesses was accepted by the U.S. Tax Court in the Northern Trust Company decision (the first time that the U.S. Tax Court accepted the DCF method and the MCAPM in valuing a closely held business).Mr. Grabowski is co-developer of the annual Risk Premium Report—Size and Risk Studies for estimating cost of equity capital (available via the Kroll Cost of Capital Navigator) and has coauthored several books, contributed to other books, and authored and coauthored numerous papers. Read More Read Less